IPO – INOX Wind Limited Mar 2015
INOX Wind Ltd is coming up with a further Public Offer (IPO) of its shares between 18 Mar 2015 to 20 Mar 2015. The price band of issue is Rs. 315 (Floor Price) to Rs. 325 (Cap Price) Retail DISCOUNT OF Rs. 15 PER EQUITY SHARE TO RETAIL INDIVIDUAL BIDDERS
The minimum application size and bid lot 45 Equity Shares and in multiples of 45 Equity Shares thereof.[wptabs mode=”horizontal”] [wptabtitle] Issue Details[/wptabtitle] [wptabcontent]
|IPO||INOX Wind Limited|
|Issue Open||18 Mar 2015|
|Issue Close||20 Mar 2015|
|Issue Size||1010 Cr to 1020 Cr|
|Price Band||Rs. 315 to Rs. 325|
|Retail Investor Discount||Retail Investor Discount Rs. 15|
|Bid Lot||45 Equity Shares|
|Registrar||Link Intime India Pvt Ltd|
|Cheque in Favour of (Retail Investor)||INOX Wind Public Issue - Escrow - R|
|Listing||BSE & NSE|
Payment Schedule for Retail Application (After Rs. 15 Discount = 325-15 = 310)
|No. of Shares||Price per Share||Amount (Rs)|
About Company Business:
Inox Wind Limited incorporated as a public limited company under the Company Act 1956 by the name “Inox Wind Ltd” on April 9, 2009. The Company received a certificate of commencement of business on April 15, 2009 from RoC. The Company manufactures WTGs and provides turnkey solutions by supplying WTGs and offering services in relation to setting up and operating the WTGs.
Inox Wind Ltd, wind power solutions providers, manufacture wind turbine generators, or WTGs and provide turnkey solutions by supplying WTGs and offering services including wind resource assessment, site acquisition, infrastructure development, erection and commissioning, and also long term operations and maintenance of wind power projects.
The Company have facilities dedicated to manufacturing nacelles, hubs, rotor blade sets and towers. They also manufacture nacelles and hubs at its Una Unit, located in the Una district of Himachal Pradesh. Its rotor blade manufacturing facility and tower manufacturing facility are housed in its Rohika Unit.
Object of the Issue
- Expansion and upgradation of existing manufacturing facilities
- Long term working capital requirements
- Investment in Subsidiary, IWISL, for the purpose of development of power evacuation infrastructure and other infrastructure development; and
- General Corporate Purposes.
Update Inox Wind Limitied IPO Allotment & Listing Details update Shortly
Basis of Allotment:
Retail Investors will get 45 shares in 61:98 ratio.
Final Subscription: HNI 35.598
Unblocking of Funds: 31-Mar-15
Credit of Shares: Tentative 31-Mar-15
Inox Wind Ltd -ISIN, Script Code, Listing & Allotment Details in Below Table
|Name of Company||Inox Wind Ltd|
|Issue Open||18 March 2015|
|Issue Close||20 March 2015|
|Allotment Date||March 30, 2015|
|Listing Date||April 9, 2015|
|Market lot||One Share|
|BSE Notice No||20150407-11|
7, Omkar Corner, opp Cosmos Bank ,
Tilak Road, Sadashiv Peth,